Whales Mint $2B USDT as $7.9B BTC/ETH Options Expire
In the past 24 hours, a record $7.9B of BTC and ETH options expired, resulting in heightened volatility and position adjustments in the wake of the crypto options expiry. Concurrently, stablecoin issuance surged with a $1B USDT mint today, totaling $2B in new USDT liquidity as whales accumulate. Analysts expect renewed buying pressure to trigger a short-term rally if fresh USDT mint inflows drive breakouts above $118K for BTC and $4,350 for ETH. Conversely, failure to hold support at $115K and $4,100 could prompt pullbacks to $109-111K and $3,900-3,950. Traders should monitor volume and open interest to confirm moves and avoid faux breakouts around this options expiry event.
Bullish
The simultaneous $7.9B expiry of BTC/ETH options and $2B USDT mint injects fresh liquidity and stokes volatility, creating ideal conditions for a bullish rally. Whale accumulation of newly minted USDT signals confidence in a near-term upside, mirroring past events where large stablecoin inflows and options expiries preceded strong BTC and ETH rallies. Provided key supports hold at $115K for BTC and $4,100 for ETH, breakouts above resistance levels are likely. Although the volatility window carries fake-out risk, the net increase in buying power and whale deployment suggests sustained bullish momentum. In the long term, continued whale demand and healthy liquidity could underpin further price appreciation.